Texas Instruments jumps after AI power chip push
Texas Instruments shares climbed Friday, trading close to a 52-week high. Seaport Global boosted its rating on the analog-chip maker to Buy from Neutral and gave the stock a $400 price target. The shares changed hands at $315.34, up 5.7% as of 1:02 p.m. EDT. That move turned around Thursday's drop and added to one of the bigger rallies in major U.S. chip stocks this year. MarketScreener said the upgrade was out before the bell, with the shares up over 80% year-to-date.
